EX-12.1 5 a07-25392_1ex12d1.htm EX-12.1

Exhibit 12.1

 

priceline.com Incorporated

CALCULATION OF RATIO

OF EARNINGS TO FIXED CHARGES

(in thousands, except ratio data)

 

 

 

Three Months Ended
September 30, 

 

Nine Months Ended
September 30,

 

 

 

($000)

 

($000)

 

 

 

2007

 

2006

 

2007

 

2006

 

Fixed Charges Computation :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividend

 

$

 

$

1,063

 

$

1,555

 

$

1,927

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt issuance costs

 

2,607

 

1,550

 

7,560

 

4,603

 

 

 

 

 

 

 

 

 

 

 

Assumed interest element included in rent expense

 

480

 

330

 

1,267

 

932

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges and preferred dividends

 

$

3,087

 

$

2,943

 

$

10,382

 

$

7,462

 

 

 

 

 

 

 

 

 

 

 

Earnings Computation :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes, equity in income (loss) of investees and minority interests

 

$

80,224

 

$

33,032

 

$

104,878

 

$

50,972

 

 

 

 

 

 

 

 

 

 

 

Less :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividend

 

 

(1,063

)

(1,555

)

(1,927

)

 

 

 

 

 

 

 

 

 

 

Minority interests

 

(3,167

)

(1,708

)

(5,053

)

(2,365

)

 

 

 

 

 

 

 

 

 

 

Add :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

3,087

 

2,943

 

10,382

 

7,462

 

 

 

 

 

 

 

 

 

 

 

Earnings as adjusted

 

$

80,144

 

$

33,204

 

$

108,652

 

$

54,142

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

26.0

x

17.7

x

12.3

x

9.8

x

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges and preferred dividends

 

26.0

x

11.3

x

10.5

x

7.3

x